Featured rate (for new borrowings)

3.35 % PA
Variable interest rate (with discount margin offer)
3.36 % PA
Comparison rate

Get a discount for the life of your loan

For new borrowings with a Loan to Value ratio of 70% or less. The rates shown are for Principal and Interest repayments (owner occupied) with current discount margin offer. Product discount margin on Extra Home Loans may vary from time to time and is determined by CommBank based on campaign offers at time of loan contract. Minimum new borrowings of $10,000. Comparison rate warning

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Features & benefits

Low rate

Get a discounted interest rate.

Save on fees

  • $0 establishment fee
  • $0 monthly loan service fee

Redraw flexibility

Access to additional repayments you’ve made without a fee.

Buy with confidence

Our Home Lending Specialists can guide you on your home buying journey.

$2,000 cashback when you switch your home loan to us

Apply by 7 October 2019 and fund by 9 December 2019. Minimum refinance amount $250,000. This offer is not available for Bridging Loans and Owner Occupied home loans with interest only payments.

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2-year introductory variable rate (for new borrowings)

For a limited time you can enjoy a 2-year introductory discount on the Extra Home Loan. After the 2-year introductory period, your interest rate and repayments may increase as a lower discount applies for the remaining loan term. 

  • 0.76% p.a. discount for 2 years for owner occupiers
  • 0.81% p.a. discount for 2 years for investors
  • Minimum new borrowings of $150,000
  • Interest Only payments available for up to 5 years for Owner Occupied Home Loans and up to 10 years for Investment Home Loans1

Download the Extra Home Loan fact sheet (PDF)

Compare all home loan interest rates

Owner occupied interest rates

   
Variable interest rate
Comparison rate
2-year introductory variable rate (with introductory discount margin offer)
3.40% p.a.
3.95% p.a.
Ongoing variable rate (with ongoing discount margin)
4.06% p.a.
3.95% p.a.

The rates shown are for Principal and Interest repayments.2

Comparison rate warning

Download all home loan interest rates (PDF)

Investment interest rates

   
Variable interest rate
Comparison rate
2-year introductory variable rate (with introductory discount margin offer)
3.70% p.a.
4.29% p.a.
Ongoing variable rate (with ongoing discount margin)
4.41% p.a.
4.29% p.a.

The rates shown are for Principal and Interest repayments.2

Comparison rate warning

Download all home loan interest rates (PDF)

4-year introductory variable rate (for first home buyers)

After the 4-year introductory period, your interest rate and repayments may increase as a lower discount applies for the remaining loan term.

  • 0.76% p.a. discount for 4 years for owner occupiers
  • 0.81% p.a. discount for 4 years for investors
  • Only available for first home buyers in Australia3
  • Interest Only payments available for up to 5 years for Owner Occupied Home Loans and up to 10 years for Investment Home Loans1

Download the Extra Home Loan fact sheet (PDF)

Owner occupied interest rates

   
Variable interest rate
Comparison rate
4-year introductory variable rate (with introductory discount margin offer)
3.40% p.a.
3.85% p.a.
Ongoing variable rate (with ongoing discount margin)
4.06% p.a.
3.85% p.a.

The rates shown are for Principal and Interest repayments.2

Comparison rate warning

Download all home loan interest rates (PDF)

Investment interest rates

     
Variable interest rate
Comparison rate
4-year introductory variable rate (with introductory discount margin offer)
3.70% p.a.
4.18% p.a.
Ongoing variable rate (with ongoing discount margin)
4.41% p.a.
4.18% p.a.

The rates shown are for Principal and Interest repayments.2

Comparison rate warning

Download all home loan interest rates (PDF)

Life of loan discount (for new borrowings)

Save on interest for the life of the loan. The product discount margin will vary depending on the Loan to Value Ratio (LVR)

Interest Only payments available for up to 5 years for Owner Occupied Home Loans and up to 10 years for Investment Home Loans1.

Download the Extra Home Loan fact sheet (PDF)

Owner occupied interest rates

   
Variable interest rate
Comparison rate
Loan to Value ratio 70% or less (with discount margin offer)
3.35% p.a.
3.36% p.a.
Loan to Value ratio of 70.01% or more (with discount margin offer)
3.45% p.a.
3.46% p.a.

The rates shown are for Principal and Interest repayments.2

Comparison rate warning

Download all home loan interest rates (PDF)

Investment interest rates

   
Variable interest rate
Comparison rate
Loan to Value ratio 70% or less (with discount margin offer)
3.65% p.a.
3.66% p.a.
Loan to Value ratio of 70.01% or more (with discount margin offer)
3.80% p.a.
3.81% p.a.

The rates shown are for Principal and Interest repayments.2

Comparison rate warning

Download all home loan interest rates (PDF)

Compare home loans

Things you should know

1 You can choose to pay Principal and Interest weekly, fortnightly, or monthly. Only monthly payments are available for Interest Only. The maximum Interest Only payment period over the life of a loan is 10 years for Investment Home Loans and 5 years for Owner Occupied Home Loans, so long as there is at least 5 years remaining on the Contracted Loan Term. We have different rates that apply, depending on whether you are making Interest Only payments or Principal and Interest repayments. During an Interest Only period, your Interest Only payments won't reduce your loan balance unless you choose to make additional repayments. At the end of an Interest Only period, your repayments will increase to cover Principal and Interest components.

2 The rates shown are interest rates for Principal and Interest repayments. For all our rates including interest rates for Interest Only payments view our Home Loan Interest Rates.

3 Only available for first home buyers in Australia where none of the applicants have previously owned or currently hold an interest in a property anywhere in Australia.

Extra Home Loan – introductory variable rate provides a discounted margin off the Extra Home Loan reference rate available at the time loan documents are issued. At the end of the introductory rate period, a reduced discount applies for the remaining life of the loan which will result in the Interest Rate and repayments increasing at that time. As at 23 July 2019 Extra Home Loan reference rate for Owner Occupied home loans is 4.16% p.a. and the current Extra Home Loan reference rate for Investment home loans is 4.51% p.a. 

Comparison rate calculated on a $150,000 secured loan over a 25-year term. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Comparison rates for variable Interest Only loans are based on an initial 5-year Interest Only period. Comparison rates for fixed or guaranteed Interest Only loans are based on an initial Interest Only period equal in length to the fixed or guaranteed period. 

Minimum $1,000 withdrawal with a $0 Redraw fee over the counter at any Commonwealth Bank branch and no minimum electronically with a $0 Redraw fee. Redraw and Repayment Holiday are dependent on having the required amount available in special repayments (extra repayments).

Excludes non-Commonwealth Bank ATMs here and overseas, transfer group payments to third parties, International Money Transfers and separate services such as bank cheques, periodic payments and transfers/deposits to other banks.

Applications for finance are subject to the Bank’s normal credit approval. Full terms and conditions are included in the Loan Offer. Fees and charges are payable.